Chapter 11, Problem 7BE

Carson Corporation's stockholders' equity at the beginning of November 2016 was $1,050,000. During the month, the company earned a net income of $240,000 and paid dividends of $120,000. What is the amount of stockholders' equity at the end of November 2016?

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The following information relates to a retailer's business for a trading year. Calculate the cost of goods sold. • • Sales: $650,000 Purchases: $420,000 Sales returns: $18,000 Purchases returns: $22,000 . Opening stock value: $50,000 . • Closing stock value: $55,000 Overhead expenses: $210,000

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What amount of cash was collected from customers during this period ?

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Isla Manufacturing's May 1, 2023, beginning work inprocess was 1,120 units. During May, an additional 3,475 units were put into production. At the end of May, all units were completed except for 830 units.Use this information to determine the number of units completed.